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Property profile & analytics

369 Delsea Dr Franklin, NJ 08328

  • Commercial real estate
  • 0.51 lot acres
Value Estimation
$980,000
Last Sale
Apr 22, 2024
$955,000
Location Intelligence
Property ID
US59-3119485
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 369 Delsea Dr

Year built
1925
Construction
FRAME
Lot size
0.51 lot acres
Zone code
MV
Property type
Commercial real estate
APN
05 04735-0000-00003
APU
504735000000003

Description

This exceptional 0.59-acre commercial land parcel, situated at 369 Delsea Drive in Franklin, New Jersey (zip code 08328), presents a compelling investment opportunity. The property is zoned for commercial use, offering significant potential for a variety of developments. Its location within the bustling Malaga corridor ensures high visibility and substantial foot and vehicle traffic, maximizing exposure for any business. The surrounding area boasts a thriving commercial environment, featuring a diverse mix of retail establishments, restaurants, and service businesses. This strategic location provides easy access to major highways, simplifying logistics and transportation. The property's proximity to local amenities, including banks, restaurants, and shopping centers, further enhances its appeal. This single-tenant land parcel is ready for development, offering a blank canvas for a new commercial venture to thrive in a high-traffic, well-established commercial area. The property's size and zoning make it suitable for a range of commercial uses, from retail spaces to professional offices. This is a rare opportunity to acquire a prime commercial lot in a dynamic and growing area of New Jersey.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $955,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,020,000
    6.5%
    $965,000
    7%
    $980,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,090,000
    Geo Method
    $875,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,055,000
    Retail
    $1,220,000
    Mixed-Use
    $1,150,000
    Hospitality
    $1,075,000
    Educational
    $1,035,000
    Residential Income
    $1,200,000
    Energy
    $1,270,000
    Income-Based Land
    $1,070,000
    Food Service
    $935,000

Location Insight

  • Map
  • Local Demand
City
Malaga
County
Gloucester
State
New Jersey
Longitude
-75.0552
Latitude
39.571
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,714
$40,200
$61,700
$101,900
-
$40,200
$61,700
$101,900
More about this property
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